topping our agenda today, the american economy. our first big indicator of how it's faring at the start of the new year. today's january jobs report showing unemployment ticking up, but barely, to 7.9%, with 157,000 jobs added. and well-received news on wall street where the dow traded above 14,000 this morning for the first time since october of '07 before pulling back. but still flirting with history today. and this report comes one day after the white house let the president's job council disband. >> do we understand why people look at it and the shutdown of the jobs council after the re-election into the second term that was the jobs council just sort of a political billboard? for the campaign? >> no, i don't -- i don't think that's right. the jobs council was very helpful in making recommendations. the president is going to continue to reach out, engage. >> also today, the white house expressing surprise, but not sounding the alarm after secretary of defense nominee chuck hagel's rocky ride before the senate armed services com